Why Republican presidential candidates are avoiding the debate on the US debt ceiling
1 year, 7 months ago

Why Republican presidential candidates are avoiding the debate on the US debt ceiling

Firstpost  

Washington: It is the one topic that everyone on Capitol Hill is talking about and yet hundreds of miles away, on the plains of Iowa and the hills of New Hampshire, none of the Republicans vying for the 2024 presidential nomination have even mentioned it. But as Republican presidential hopefuls including Florida Governor Ron DeSantis and former President Donald Trump crisscross the country, they have instead focused on hot-button issues like immigration and transgender participation in youth sports. At present, Republicans in the House of Representatives are insisting on a package of conservative reforms in return for raising the debt ceiling, a position congressional Democrats and President Joe Biden reject. As Republican presidential hopefuls including Florida Governor Ron DeSantis and former President Donald Trump crisscross the country, they have instead focused on hot-button issues like immigration and transgender participation in youth sports. After weeks of rancorous partisan battles in 2011 over raising the debt ceiling brought the country to the brink of default, disapproval of Congress rose to an all-time high of 82 per cent, according a New York Times/CBS News public opinion poll published at the time.

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History of this topic

Biden signs bill that averts a government shutdown and brings a close to days of Washington upheaval
2 days, 8 hours ago

Biden signs bill that averts a government shutdown and brings a close to days of Washington upheaval

Associated Press  

WASHINGTON — President Joe Biden signed a bill into law Saturday that averts a government shutdown, bringing a final close to days of upheaval after Congress approved a temporary funding plan just past the deadline and refused President-elect Donald Trump’s core debt demands in the package. That’s good news for the American people.” House Speaker Mike Johnson, R-La., had insisted …

House approves funding bill, sends to Senate hours before government shutdown deadline
3 days, 1 hour ago

House approves funding bill, sends to Senate hours before government shutdown deadline

New Indian Express  

The new 118-page package would fund the government at current levels through March and adds $100 billion in disaster aid and $10 billion in agricultural assistance to farmers. The federal debt limit expires Jan. 1, and Trump doesn't want the first months of his new administration saddled with tough negotiations in Congress to lift the nation's borrowing capacity. “Congress must …

Government shutdown is averted just after deadline as Congress rejects Trump’s debt limit demands
3 days, 9 hours ago

Government shutdown is averted just after deadline as Congress rejects Trump’s debt limit demands

Associated Press  

▶ Follow live updates on federal funding negotiations as a government shutdown looms. WASHINGTON — Facing a government shutdown deadline, the Senate rushed through final passage early Saturday of a bipartisan plan that would temporarily fund federal operations and disaster aid, dropping President-elect Donald Trump’s demands for a debt limit increase into the new year. But the day’s outcome was …

'Very strange': GOP lawmakers question 'completely avoidable' failure of spending bill
3 days, 11 hours ago

'Very strange': GOP lawmakers question 'completely avoidable' failure of spending bill

Raw Story  

Republicans were stunned when Elon Musk, with Donald Trump's help, successfully torpedoed a stopgap government funding bill that House speaker Mike Johnson had brokered. “This was completely avoidable.” Trump and Johnson discussed the funding bill in a private box at last weekend's Army-Navy football game, and Trump told the speaker he wanted a full-year spending bill with the debt limit …

Donald Trump hopes a Republican challenges U.S. Rep. Chip Roy over debt ceiling opposition
3 days, 13 hours ago

Donald Trump hopes a Republican challenges U.S. Rep. Chip Roy over debt ceiling opposition

Raw Story  

"Donald Trump hopes a Republican challenges U.S. Rep. Chip Roy over debt ceiling opposition" was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues. WASHINGTON — President Donald Trump invited a primary challenge against U.S. Rep. Chip Roy on Thursday for …

Trump just handed Democrats an 'enticing' policy offer — and they should take it: analyst
3 days, 23 hours ago

Trump just handed Democrats an 'enticing' policy offer — and they should take it: analyst

Raw Story  

President-elect Donald Trump is demanding as part of the spending package the GOP is trying to force through that the debt ceiling be extended — or possibly abolished altogether, which Democrats have broadly rejected as a ploy to allow new tax breaks for billionaires. But not so fast, columnist Heather Long wrote for The Washington Post — Trump's proposal is …

US Congress debates last-minute spending bill to avert government shutdown
4 days, 1 hour ago

US Congress debates last-minute spending bill to avert government shutdown

Al Jazeera  

Nonessential government functions are expected to shutter on Saturday unless a government spending bill can be passed. “If there is going to be a shutdown of government, let it begin now, under the Biden Administration, not after January 20th, under ‘TRUMP’,” the president-elect said on Friday in a social media post. “If Republicans try to pass a clean Continuing Resolution …

Government funding bill clears Congress and heads to Biden, averting a shutdown
4 days, 1 hour ago

Government funding bill clears Congress and heads to Biden, averting a shutdown

LA Times  

“If there is going to be a shutdown of government, let it begin now,” President-elect Donald Trump posted on social media. Facing a government shutdown deadline, the Senate rushed through final passage early Saturday of a bipartisan plan that would temporarily fund federal operations and disaster aid, dropping President-elect Donald Trump’s demands for a debt limit increase into the new …

Dozens of Senate Republicans may oppose Trump's top demand: GOP senator
4 days, 3 hours ago

Dozens of Senate Republicans may oppose Trump's top demand: GOP senator

Raw Story  

President-elect Donald Trump has made either significantly raising the debt ceiling or eliminating it all together his top demand in the current standoff over government funding. Indeed, the MAGA leader touted Thursday that he struck a new deal with House Republicans on a spending bill that would punt the debt ceiling for two years. As Raju wrote on X, Sen. …

What to know about the debt ceiling debate as a government shutdown looms in Washington
4 days, 4 hours ago

What to know about the debt ceiling debate as a government shutdown looms in Washington

Associated Press  

A debate over the debt ceiling is at the center of a dispute over funding that is pushing Washington to the brink of a federal government shutdown. The debt ceiling, or debt limit, is the total amount of money that the United States government can borrow to meet its existing legal obligations. When he rejected the spending proposal on Wednesday, …

Democrats dodge a debt ceiling deal
5 days, 1 hour ago

Democrats dodge a debt ceiling deal

Politico  

“Let’s get rid of the debt limit. As much as Democrats would love to disarm this particular legislative time bomb, they’re not in any mood to negotiate with Republicans after Trump and billionaire ally Elon Musk sabotaged the prior deal to keep the government open and provide billions in disaster and farm relief. Rep. Brad Schneider, the incoming chair of …

Musk and Trump put House GOP in a bind
5 days, 1 hour ago

Musk and Trump put House GOP in a bind

Politico  

But then Trump and Vice President-elect JD Vance dumped gasoline on the fire. And we should pass a streamlined spending bill that doesn’t give Chuck Schumer and the Democrats everything they want.” The request for a debt ceiling hike blindsided many on Capitol Hill. Johnson’s not wrong about that: Even before Trump made his debt ceiling demand, some conservatives were …

"Call their bluff": Trump, Vance urge GOP lawmakers to vote down emergency government funding bill
6 days, 1 hour ago

"Call their bluff": Trump, Vance urge GOP lawmakers to vote down emergency government funding bill

Salon  

President-elect Donald Trump is urging members of his party to vote down a resolution that would fund the federal government into March. In a joint statement with Vice President-elect JD Vance shared by Vance on social media, the incoming executives said that Republican legislators should "call bluff" of congressional Democrats and push for a new resolution that doesn't include spending …

Trump’s spokeswoman preaches fiscal responsibility. But she has a debt problem.
5 months, 3 weeks ago

Trump’s spokeswoman preaches fiscal responsibility. But she has a debt problem.

Raw Story  

Karoline Leavitt, Donald Trump’s presidential campaign press secretary and an outspoken fiscal hawk, has more than $100,000 in debt from her failed 2022 run for Congress, according to Raw Story ’s review of Federal Election Commission records. Leavitt last month slammed President Joe Biden for “out of control spending” that has “created the worst inflation crisis in generations.” In 2023, …

Key GOP economic talking point destroyed by new analysis
5 months, 4 weeks ago

Key GOP economic talking point destroyed by new analysis

Raw Story  

National debt has for decades been a go-to issue Republicans try to use to persuade voters against supporting social programs — an issue that has crept back to the forefront with new reports that annual interest payments serving the national debt now exceed what the U.S. spends on its military. According to the report, former President Donald Trump's contribution to …

Republicans rip Biden's 'reckless' $7.3 trillion budget that will 'accelerate America's decline': Top GOP members says plan is a 'another example of disregard for fiscal responsibility'
9 months, 1 week ago

Republicans rip Biden's 'reckless' $7.3 trillion budget that will 'accelerate America's decline': Top GOP members says plan is a 'another example of disregard for fiscal responsibility'

Daily Mail  

House Republican leadership tore into President Biden's new budget plan for fiscal year 2025, deeming it a 'roadmap to accelerate America's decline.' House Republican leadership tore into President Biden's new budget plan for fiscal year 2025, deeming it a 'roadmap to accelerate America's decline' The White House plans to pay for its ambition agenda - which includes $3 billion for …

US public debt is projected to reach 181% of American economic activity in 30 years
1 year, 5 months ago

US public debt is projected to reach 181% of American economic activity in 30 years

Associated Press  

WASHINGTON — The Congressional Budget Office is giving the world a concerning look at the U.S. government’s ledgers: ever higher deficits, greater government spending and tax revenues that only begin to increase when existing tax cuts expire. The nonpartisan agency estimates in its latest 30-year outlook, released Wednesday, that publicly held debt will be equal to a record 181% of …

GOP accused of breaking debt ceiling deal and 'threatening a government shutdown'
1 year, 6 months ago

GOP accused of breaking debt ceiling deal and 'threatening a government shutdown'

Raw Story  

The top Democrat on the House Appropriations Committee accused her Republican colleagues on Thursday of increasing the likelihood of a government shutdown by approving spending numbers below the levels set under the bipartisan debt ceiling agreement, which hasn't even been law for two weeks. In an appearance on CNN, Rep. Rosa DeLauro said House Republicans have already "walked away from …

Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
1 year, 6 months ago

Biden signs debt ceiling bill that pulls US back from brink of unprecedented default

Associated Press  

WASHINGTON — With just two days to spare, President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal government’s debt. Instead of holding a public ceremony with lawmakers from both parties — showcasing the bipartisanship that Biden had cited in an Oval Office address on Friday evening — the president …

Biden signs debt ceiling bill, pulling US from brink of default
1 year, 6 months ago

Biden signs debt ceiling bill, pulling US from brink of default

Al Jazeera  

With just two days to spare, President Joe Biden has signed legislation that lifts the nation’s debt ceiling, averting an economically disastrous default on the federal government’s debt. “We’re protecting important priorities from Social Security to Medicare to Medicaid to veterans to our transformational investments in infrastructure and clean energy.” Even as he pledged to continue working with Republicans, Biden …

5 Takeaways From The Debt Ceiling Drama
1 year, 6 months ago

5 Takeaways From The Debt Ceiling Drama

Huff Post  

LOADING ERROR LOADING WASHINGTON ― President Joe Biden will sign the Fiscal Responsibility Act into law on Saturday, capping weeks of congressional drama with a surprisingly dull end to a standoff that risked a worldwide economic catastrophe. Both sides kept their word.” The painstaking negotiations that drove headlines in Washington for months revealed several things about Republicans, Democrats and Biden’s …

U.S. Congress approves debt-limit suspension, averting default
1 year, 6 months ago

U.S. Congress approves debt-limit suspension, averting default

The Hindu  

The U.S. Senate on June 1 passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have been a first-ever default. "We are avoiding default tonight," Senate Majority Leader Chuck Schumer said on June 1 as he steered the legislation through his 100-member chamber. ‘Time is a Luxury’ Republicans had blocked …

Just Days To Spare, Senate Gives Final Approval To Debt Ceiling Deal, Sending It To Biden
1 year, 6 months ago

Just Days To Spare, Senate Gives Final Approval To Debt Ceiling Deal, Sending It To Biden

Huff Post  

LOADING ERROR LOADING WASHINGTON — Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Joe Biden's desk to become law before the fast-approaching deadline. Senate Majority Leader Chuck Schumer said the bill's …

What is the US debt ceiling and what is in the Biden-McCarthy deal?
1 year, 6 months ago

What is the US debt ceiling and what is in the Biden-McCarthy deal?

The Telegraph  

What is the US debt ceiling? Congress passes new spending bills that will increase the debt level, but the debt ceiling is not raised until it is about to be breached. Past debt ceiling fights have typically ended with a hastily arranged agreement in the final hours of negotiations, thus avoiding a default. “That’s the responsibility of governing.” The agreement …

Deal to raise debt ceiling passes US Senate, heads to Biden
1 year, 6 months ago

Deal to raise debt ceiling passes US Senate, heads to Biden

Al Jazeera  

The vote comes as the US hurtles towards a June 5 deadline to raise the government borrowing limit or face default. The United States Senate has voted to approve a bipartisan deal that would increase the country’s debt ceiling, clearing the bill’s last major hurdle before it reaches the desk of President Joe Biden. Still, Senators like Maine’s Susan Collins …

Debt Ceiling Deal Clears House On Bipartisan Vote; Senate Up Next
1 year, 6 months ago

Debt Ceiling Deal Clears House On Bipartisan Vote; Senate Up Next

Huff Post  

LOADING ERROR LOADING The bill to raise the government’s limit on borrowing and trim the federal budget deficit passed the House late Wednesday, leaving the Senate the last obstacle to avoiding a debt default. “We produced a bill that — in divided government — takes a step towards smaller government, less regulation, more economic growth, and more take-home pay,” McCarthy …

US debt ceiling bill passes House with broad bipartisan support
1 year, 6 months ago

US debt ceiling bill passes House with broad bipartisan support

India Today  

A divided US House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default. READ | US debt ceiling deal ready to head to Congress, says Biden as cash runs low Republicans control the House by …

Debt limit deal heads to vote in full House while McCarthy scrambles for GOP approval
1 year, 6 months ago

Debt limit deal heads to vote in full House while McCarthy scrambles for GOP approval

Associated Press  

WASHINGTON — Under fire from conservatives, House Speaker Kevin McCarthy worked furiously Tuesday to sell fellow Republicans on the debt ceiling and budget deal he negotiated with President Joe Biden and win approval in time to avert a potentially disastrous U.S. default. Overall the 99-page package restricts spending for the next two years, lifts the debt limit and includes policy …

House approves the Biden-McCarthy debt ceiling bill as default deadline looms
1 year, 6 months ago

House approves the Biden-McCarthy debt ceiling bill as default deadline looms

NPR  

House approves the Biden-McCarthy debt ceiling bill as default deadline looms Enlarge this image toggle caption Drew Angerer/Getty Images Drew Angerer/Getty Images House lawmakers have passed a piece of compromise legislation brokered between President Biden and House Speaker Kevin McCarthy to avoid an unprecedented debt default with just days to spare. But sitting with one House, with a Democratic Senate …

Opinion: The biggest lesson from the debt ceiling fight
1 year, 6 months ago

Opinion: The biggest lesson from the debt ceiling fight

CNN  

Editor’s Note: John Avlon is a CNN senior political analyst and anchor. After months of negotiations between Republican leaders and then-President Barack Obama, the House passed an 11th hour bill by a 269-161 vote, despite opposition from Tea Party conservatives and liberal Democrats alike. The final tally was 193 Democratic House votes and 28 Republican House votes – including Boehner …

America’s debt-ceiling deal means it should now avoid Armageddon
1 year, 6 months ago

America’s debt-ceiling deal means it should now avoid Armageddon

Hindustan Times  

Even in a sharply divided Washington, DC, politics-as-usual sometimes works. The consequences of a debt default, the first in America’s modern history, would be dire: the shock from disruption in the biggest sovereign-debt market, accounting for about one-third of the global total and underpinning pricing in financial markets everywhere, threatened to reverberate through every economy around the world. The gravity …

US debt limit deal: How we got here
1 year, 6 months ago

US debt limit deal: How we got here

Al Jazeera  

Bipartisan deal to raise debt ceiling and avoid ‘disastrous’ default heads to US Congress after weeks-long impasse. The agreement negotiated by Biden and Republican House Speaker Kevin McCarthy would suspend the debt ceiling for two years and cap government spending during the same period. In April, McCarthy put forward a bill to raise the debt ceiling that would advance key …

Debt Limit deal explained: How will it impact US economy, polls and people
1 year, 6 months ago

Debt Limit deal explained: How will it impact US economy, polls and people

Hindustan Times  

The recent agreement between President Joe Biden and House Republicans regarding the debt limit and spending has sparked discussions and debates. Biden and House Speaker Kevin McCarthy reached a final agreement Sunday on a deal to raise the nation's debt ceiling while trying to ensure enough Republican and Democratic votes to pass the measure in the coming week. Non-defense Spending …

US debt ceiling deal: the key takeaways
1 year, 6 months ago

US debt ceiling deal: the key takeaways

Raw Story  

President Joe Biden and House Republicans have reached a deal to raise the government's debt ceiling and avert a devastating default. The crux of it Formally known as the Fiscal Responsibility Act of 2023, the bill provides for an increase to the debt ceiling of $31.4 trillion for two years, meaning Biden will crucially not need to negotiate it again …

Key takeaways from Biden and McCarthy's debt ceiling deal
1 year, 6 months ago

Key takeaways from Biden and McCarthy's debt ceiling deal

Firstpost  

There’s a nervous air in the United States as the deadline to increase the debt ceiling approaches. On Saturday, they reached a crucial agreement to raise the government’s debt ceiling, avoiding a disastrous default. AFP Unspent COVID money The deal would also take back some funding that Congress allocated for the coronavirus pandemic but did not spend. A statement from …

Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
1 year, 6 months ago

Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right

Associated Press  

WASHINGTON — The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy. Rep. Annie Kuster, D-N.H., and chair of a center-left group known as the New Dems, which has roughly 100 members, said the group is “confident” that White House negotiators delivered a “viable, bipartisan …

As per your politics, debt ceiling plan is good or a ‘disaster’
1 year, 6 months ago

As per your politics, debt ceiling plan is good or a ‘disaster’

Al Jazeera  

While some of the US Congress’s most conservative members are not happy with the deal, business groups gave it a thumbs-up. She called the debt ceiling agreement a “terrible policy” Sunday on CNN’s State of the Union programme. I told the president that directly, when he called me last week on Wednesday, that this is saying to poor people and …

Opinion: Don't call the debt-ceiling deal a success. It shouldn't have been a crisis at all
1 year, 6 months ago

Opinion: Don't call the debt-ceiling deal a success. It shouldn't have been a crisis at all

LA Times  

Hous Speaker Kevin McCarthy speaks with reporters about the debt-ceiling negotiations as he arrives at the Capitol on Friday. Here’s what would make this whole mess worth it: Adding a provision to repeal or neutralize the World War I-era law that created the debt limit in the first place. Biden, ever the tradition-bound deal-maker, said last October as Democrats talked …

What’s next on the debt ceiling: Selling the plan and making a deal into a law
1 year, 6 months ago

What’s next on the debt ceiling: Selling the plan and making a deal into a law

Associated Press  

WASHINGTON — After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have announced an “ agreement in principle ” to raise the nation’s debt ceiling and avoid a potentially catastrophic default. A look at what’s next as Congress rushes to pass an agreement: FINALIZING THE DEAL Speaking to reporters in the Capitol late Saturday, McCarthy said the …

Biden, GOP Reach Tentative Deal To Raise Debt Ceiling, Avoid Calamitous US Default
1 year, 6 months ago

Biden, GOP Reach Tentative Deal To Raise Debt Ceiling, Avoid Calamitous US Default

Huff Post  

LOADING ERROR LOADING WASHINGTON — President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” to raise the nation’s legal debt ceiling late Saturday as they raced to strike a deal to limit federal spending and avert a potentially disastrous U.S. default. Biden called the agreement “good news for the American people, because it prevents what could …

Race for U.S. debt deal as talks go to the wire
1 year, 6 months ago

Race for U.S. debt deal as talks go to the wire

The Hindu  

Democrats and Republicans seemed within grasping distance Saturday of a deal to end the U.S. debt ceiling standoff, with both sides playing hardball in the final race for an agreement to avert a potentially catastrophic default. President Joe Biden gave the strongest sign yet on Friday night that the drama in Washington might be drawing to an end — saying …

Debt ceiling explained: What to know about the showdown in Washington as default looms
1 year, 6 months ago

Debt ceiling explained: What to know about the showdown in Washington as default looms

Associated Press  

WASHINGTON — House Republicans still do not have a deal with President Joe Biden to raise the debt ceiling as the nation is a little more than a week away from a potentially catastrophic default. Louisiana Rep. Garret Graves, one of McCarthy’s negotiators, told reporters that “Democrats right now are willing to default on the debt” over their opposition to …

Could the 14th Amendment fix America’s debt-ceiling debacle?
1 year, 6 months ago

Could the 14th Amendment fix America’s debt-ceiling debacle?

Hindustan Times  

America is hurtling towards the “X-date” of June 1st, when Janet Yellen, the treasury secretary, says the country could run out of money to pay its bills. Laurence Tribe of Harvard Law School, one of America’s most-cited law professors, has made a case for it in the New York Times and, speaking on MSNBC, advised the president: “There is every …

Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a deal
1 year, 6 months ago

Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a deal

Associated Press  

WASHINGTON — House Republicans pushed debt ceiling talks to the brink Thursday, displaying risky political bravado in leaving town for the holiday weekend just days before the U.S. could face an unprecedented default hurling the global economy into chaos. At the Capitol, Speaker Kevin McCarthy said “every hour matters” in talks with President Joe Biden’s team as they try to …

US debt ceiling has catastrophic effects- 83 lakh job losses, world recession I EXPLAINED
1 year, 6 months ago

US debt ceiling has catastrophic effects- 83 lakh job losses, world recession I EXPLAINED

India TV News  

US Debt ceiling row: Amid the looming catastrophic recession, US President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal aiming to curb federal deficits in exchange for lifting the nation’s debt ceiling and staving off an economically devastating government default. White House estimates say a prolonged default could cause 8.3 million job losses …

Where do things stand as the US rolls back debt ceiling deadline?
1 year, 6 months ago

Where do things stand as the US rolls back debt ceiling deadline?

Al Jazeera  

US Treasury Secretary Janet Yellen says the agency will run out of funds to meet financial obligations by June 5. Congress is tasked with increasing the nation’s debt ceiling, and Republican legislators have used their majority in the US House of Representatives as leverage to demand cuts to social programmes in exchange for a ceiling increase as a default looms …

‘Time’s up’: Deal on US debt ceiling close as default looms
1 year, 6 months ago

‘Time’s up’: Deal on US debt ceiling close as default looms

Al Jazeera  

A default could upend global financial markets and push the United States into a major recession. US President Joe Biden and top congressional Republican Kevin McCarthy are closing in on a deal that would raise the government’s $31.4 trillion debt ceiling for two years while capping spending on most programmes, news reports say. The potential agreement would increase funding for …

Conservatives Furious As Lawmakers Close In On Debt Limit Deal
1 year, 6 months ago

Conservatives Furious As Lawmakers Close In On Debt Limit Deal

Huff Post  

LOADING ERROR LOADING WASHINGTON — Hard-line conservative Republicans are anxious about a possible deal between House Speaker Kevin McCarthy and President Joe Biden that would avert a catastrophic debt default. “I am concerned about rumors to the effect — and I haven’t read or seen anything yet — but rumors that we may have some sort of a deal in …

McCarthy's Republicans push debt ceiling talks to brink, lawmakers leaving town for weekend
1 year, 6 months ago

McCarthy's Republicans push debt ceiling talks to brink, lawmakers leaving town for weekend

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A defiant House Speaker Kevin McCarthy said the debt ceiling standoff was “not my …

Debt ceiling talks grind on, but Republicans say there’s a ‘lack of urgency’ from White House
1 year, 6 months ago

Debt ceiling talks grind on, but Republicans say there’s a ‘lack of urgency’ from White House

Associated Press  

WASHINGTON — Debt ceiling talks showed few signs of outward progress Tuesday as negotiators for President Joe Biden and House Speaker Kevin McCarthy traded more budget-cutting ideas but Republicans warned of a “lack of urgency” at the White House to resolve the standoff in time to avert a potentially chaotic federal default. “We’re not there yet,” McCarthy said at the …

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